Northzone, one of the financial backers of Spotify, has led a 20 million dollars fundraising for German online fashion retailer Outfittery, joining a number of existing investors. This is the third investment round for Outfittery, which had already attracted a total of 16.7 million euros in funding […]

Wet Seal’s bankruptcy, as well as its plans to find some sort of viability, is being closely followed by many in the trade, who see the troubled retailer as that which belled the cat for other teen apparel retailers. After filling for voluntary bankruptcy, Wet Seal plans to survive its Chapter 11 case […]

British fashion company Roman is dying of success after generating a social media frenzy about the colour of one of its dresses. Indeed, sales of the outfit that fuelled #TheDress debate soared 347 percent Friday. “I can officially confirm the colour is royal blue with black trimming,” said Michelle […]

A recent research reveals that the luxury denim market grew in the US by 9 percent between November 2014 and January 2015, compared with the same period a year ago. On the contrary, mass consumption denim is losing its luster. With around 150,000 denim products on the market, US consumers were increasingly […]

Private equity firm TowerBrook Capital Partners would reportedly be in advanced talks to acquire women’s retailer J. Jill, according to two people familiar with the matter. As broke by Reuters, the alleged deal would be probably valued at more than 400 million dollars and could be announced as early […]

Ron Johnson, former Apple executive and brand new member to Nasty Gal’s board of directors, has made a 16 million dollars investment in the retailer. Johnson is an old acquaintance of the retailer’s new CEO, Sheree Waterson. As broke by ‘RE/Code’, the LA-based fashion retailer counts with a new and […]

Gap Inc.’s fourth-quarter revenue grew by 3 percent, lifted by improved sales at Old Navy stores that helped offset a drop-off at the company’s namesake brand. Now, Gap Inc (GPS.N) forecast a drop in full-year profit, alluding to a strong dollar, shipment delays due to disruptions at US West Coast ports […]

ANALYSIS After increasing its earnings guidance more than a couple of times in the year ended in January, L Brands Inc has ended projecting earnings for the current year below Wall Street estimates. Profit this fiscal year will be something between 3.45 and 3.65 dollars a share, compared to the market […]

REPORT Revenues at Sears Holdings decreased about 2.5 billion dollars to 8.1 billion dollars for the quarter ended January 31, 2015, as compared to revenues of 10.6 billion dollars for the quarter ended February 1, 2014. Revenues decreased approximately 5 billion dollars to 31.2 billion dollars for […]

Fashion retailer Esprit Holdings Ltd. (0330.HK) said interim sales for the six months ended December 2014 were "far from satisfactory and below expectation". Reasons – seen as excuses by some in the trade – ranged from unusually warm weather in Europe, an depreciating euro to a reduction in store space […]

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